The growth, dominant note in the market of offices of London
9 January 2014
The surface of offices hired in London from January until the closing of the third quarter of 2013 (916.000 m2/+71% in annual terms) surpasses already the volume of all the exercise 2012, according to the data of the real-estate quality consultancy
The demand of offices keeps his fortress in all the zones, no exclusively in the City londinense, and projects the activity of the sectors of technologies of the information (38%), banking (16%) and professional services (21%).
The offer keeps a low profile and the new projects do not suppose the sufficient surface as to avoid that it continue the upward pressesure on the incomes.
During the third quarter, the big operations realizar on existent offer after a period of strong activity of pre-rent. In the City, this tendency has allowed that the level of availability have descended to his lower level from 2010 (8,1%/ -11% in annual terms).
Regarding the investment, the volume of shopping of the third quarter added 5.100 million euros, what supposes an increase of 76% quarterly and of 85% annual. It treats of the volume of quarterly investment more elevated from the third quarter of 2007.
The past quarter characterised by the closing of bulky operations. They stand out especially two transactions (Shell Mex House and Paddington Central), that supposed roughly 1.000 million euros between both.
The international investment represented more than the half of the volume of business and increased in absolute terms. Nevertheless it lost quota front the local investment, since the past quarter supposed a recovery of the British investment in London, with British Land and Legal&General between which have starred the most notable operations.
The profitabilities ‘prevail' kept stable in West End (4%) whereas they reduced 0,25 points in the City like consequence of the pressesure of the demand (4,5%).
